NextEra Energy, Inc. (NYSE:NEE) Shares Sold by StrategIQ Financial Group LLC

StrategIQ Financial Group LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 11.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,914 shares of the utilities provider’s stock after selling 864 shares during the period. StrategIQ Financial Group LLC’s holdings in NextEra Energy were worth $420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wimmer Associates 1 LLC raised its position in shares of NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC raised its holdings in NextEra Energy by 2.1% during the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after buying an additional 139 shares during the period. Baldwin Investment Management LLC lifted its stake in NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after buying an additional 150 shares in the last quarter. Greenfield Savings Bank lifted its stake in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC boosted its holdings in shares of NextEra Energy by 1.7% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Citigroup assumed coverage on NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Guggenheim boosted their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.46.

View Our Latest Stock Report on NextEra Energy

NextEra Energy Stock Performance

NEE stock traded down $0.16 during trading on Wednesday, reaching $62.72. 2,369,972 shares of the stock were exchanged, compared to its average volume of 11,902,498. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $128.73 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.25 and a beta of 0.51. The stock has a 50 day simple moving average of $58.33 and a 200-day simple moving average of $58.42.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.28%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

NextEra Energy Profile

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Further Reading

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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